MSC Industrial director converts 22,160 award shares
Future installments from the 2023, 2024 and 2025 awards are tied to continued employment or director service through each applicable vesting date.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
MSC Industrial Direct Co. Inc. director Erik Gershwind reported converting 22,160 shares underlying restricted stock units and dividend equivalent units into Class A common stock on November 3 and November 4, 2026. The awards vested under schedules described in the transaction details; no Rule 10b5-1 plan is reported.
Insider Trade Summary
22,160 shares exercised/converted
Exercise
16 txns
Insider
GERSHWIND ERIK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) F1, F9 | 4,920 | -- | -- |
| Exercise | Dividend Equivalent Unit F2 | 787 | -- | -- |
| Exercise | Restricted Stock Unit (RSU) F1, F10 | 5,511 | -- | -- |
| Exercise | Dividend Equivalent Unit F2 | 440 | -- | -- |
| Exercise | Class A Common Stock, $0.001 par value F1 | 4,920 | -- | -- |
| Exercise | Class A Common Stock, $0.001 par value F2 | 787 | -- | -- |
| Exercise | Class A Common Stock, $0.001 par value F1 | 5,511 | -- | -- |
| Exercise | Class A Common Stock, $0.001 par value F2 | 440 | -- | -- |
| Exercise | Restricted Stock Unit (RSU) F1, F6 | 4,538 | -- | -- |
| Exercise | Dividend Equivalent Unit F2, F7 | 541 | -- | -- |
| Exercise | Restricted Stock Unit (RSU) F1, F8 | 5,233 | -- | -- |
| Exercise | Dividend Equivalent Unit F2 | 190 | -- | -- |
| Exercise | Class A Common Stock, $0.001 par value F1 | 4,538 | -- | -- |
| Exercise | Class A Common Stock, $0.001 par value F2 | 541 | -- | -- |
| Exercise | Class A Common Stock, $0.001 par value F1 | 5,233 | -- | -- |
| Exercise | Class A Common Stock, $0.001 par value F2 | 190 | -- | -- |
| Holding | Class A Common Stock, $0.001 par value F3, F4 | -- | -- | -- |
| Holding | Class A Common Stock, $0.001 par value F3, F5 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 31,261 contracts (Direct);
Dividend Equivalent Unit — 2,022 contracts (Direct);
Class A Common Stock, $0.001 par value — 1,663,815 shares (Direct);
Class A Common Stock, $0.001 par value — 323,673 shares (Indirect, See footnotes)
Holdings Before and After:
Restricted Stock Unit (RSU), 51,463 to 31,261 contracts (Direct);
Dividend Equivalent Unit, 3,980 to 2,022 contracts (Direct);
Class A Common Stock, $0.001 par value, 1,641,655 to 1,663,815 shares (Direct)
Footnotes (10)
- F1. Each RSU represents a contingent right to receive one share of Common Stock.
- F2. The dividend equivalent units accrued with respect to outstanding awards of restricted stock units (RSUs) and vest at the same time(s) as the underlying RSUs. Each dividend equivalent unit represents a contingent right to receive one share of Common Stock.
- F3. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest in such securities.
- F4. Represents shares held by Grantor Retained Annuity Trusts of which the Reporting Person is the sole annuitant and trustee.
- F5. Represents shares held by trusts over whose trustee the Reporting Person can exercise remove and replace powers.
- F6. 18,152 RSUs were granted on November 3, 2023. 4,538 RSUs vested on each of November 3, 2024, November 3, 2025 and November 3, 2026. 4,538 RSUs vest on November 3, 2027, provided that the Reporting Person remains continuously employed by the Issuer or provides continued service as a Director of the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.
- F7. Includes 520.671 dividend equivalent units accrued on November 26, 2025, 562.648 dividend equivalent units accrued on January 28, 2026, 505.369 dividend equivalent units accrued on April 22, 2026 and 387.283 dividend units accrued on July 22, 2026 with respect to outstanding awards of restricted stock units (RSUs). Such dividend equivalent units vest at the same time(s) as the underlying RSUs and represent a contingent right to receive one share of Common Stock.
- F8. 20,934 RSUs were granted on November 3, 2025. 5,233 RSUs vested on November 3, 2026, 5,233 vest on November 3, 2027, and 5,234 RSUs vest on each of November 3, 2028 and November 3, 2029, provided that the Reporting Person remains continuously employed by the Issuer or provides continued service as a Director of the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.
- F9. 19,680 RSUs were granted on November 4, 2022. 4,920 RSUs vested on each of November 4, 2023, November 4, 2024 November 4, 2025 and November 4, 2026.
- F10. 22,044 RSUs were granted on November 4, 2024. 5,511 RSUs vested on each of November 4, 2025 and November 4, 2026, and 5,511 RSUs vest on each of November 4, 2027 and November 4, 2028, provided that the Reporting Person remains continuously employed by the Issuer or provides continued service as a Director of the Issuer through each applicable vesting date. The vested shares will be delivered to the Reporting Person upon vesting.
Key Figures
Shares converted to Class A common stock: 22,160 shares
RSUs vested: 4,538 shares
RSUs vested: 5,233 shares
+2 more
5 metrics
Shares converted to Class A common stock
22,160 shares
Transactions dated November 3 and November 4, 2026
RSUs vested
4,538 shares
November 3, 2026
RSUs vested
5,233 shares
November 3, 2026
RSUs vested
4,920 shares
November 4, 2026
RSUs vested
5,511 shares
November 4, 2026
Key Terms
Restricted Stock Unit (RSU), Dividend Equivalent Unit, Grantor Retained Annuity Trusts
3 terms
Restricted Stock Unit (RSU) financial
"Restricted Stock Unit (RSU)"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Dividend Equivalent Unit financial
"The dividend equivalent units accrued with respect to outstanding awards"
Grantor Retained Annuity Trusts financial
"shares held by Grantor Retained Annuity Trusts"
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When do Erik Gershwind's remaining MSM RSUs vest?
Future installments include 4,538 shares on November 3, 2027; 5,233 shares on November 3, 2027 and 5,234 shares on each of November 3, 2028 and 2029; and 5,511 shares on each of November 4, 2027 and 2028. These installments are subject to continued employment or service as a director through each applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
